2018 Extruded Plastics Market - Growth Forecast up to 2024

Global Market Insights, Inc. adds a new Extruded Plastics Market research report for the period of 2018-2024 focuses on the major drivers and restraints for the global key players providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.

Global Extruded Plastics Market size was valued at USD 182 billion in 2015 and may exceed USD 290 billion in 2024, registering a moderate CAGR of 4.5% in the forecast period. Extruded plastics are basically plastics of different shapes and sizes, taken through the extrusion process, where in they are forcibly pushed through a tool that imparts them a shape and form. All types of plastics are easily malleable and can be manufactured in endless lengths and shapes, hence appropriate to be used for extrusion. Extruded plastics have applications in various industries due to its availability in almost all forms ranging from pipes & tubes to films & sheets.

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The prime growth driver for extruded plastics market is the increasing demand from the packaging industry due to the developments in food & beverage and consumer products segment throughout the world. In addition, the rise in infrastructural needs of nations is fueling the product demand in construction and building materials industry. Also, the growth in electrical, electronics & telecommunication industry is likely to have a positive impact on the product market owing to the rising demand in wires & cables, computers and accessories and consumer appliances. The rise in disposable income of modern consumer and high standards of living will positively influence the product market growth. Moreover, the low cost associated with manufacturing & procurement of feedstock, excellent mechanical properties and entry of domestic players for raw materials will boost the extruded plastics market growth in the coming years.

Asia-Pacific region dominated the global extruded plastics market in 2015. The product market is likely to show significant growth in Asia-Pacific, particularly in India, China and Japan, owing to the fast-paced industrialization, elevating infrastructural standards and e-commerce boom in this region. The global demand for packaging from e-commerce segment for goods handling, when in transit, has accelerated the extruded plastics market growth. Moreover, the power & lighting and electronics & telecommunication segment is on rise in developed regions such as Europe and North America, which is also seen to boost the overall product demand.

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The key players in the extruded plastics market are Sigma Plastics Group, The Dow Chemical Company, Chevron Philips Chemical Company, ExxonMobil Chemical Company, Berry Plastics Corporation, SABIC, JM Eagle and Saint Gobain S.A. Other predominant companies include E.I Dupont De Nemours and Company, Bemis Company Incorporated and Sealed Air Corporation.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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